18427 SE Yamhill St Unit 18429 Portland, OR 97233
Rockwood NeighborhoodEstimated payment $2,677/month
Highlights
- Corner Lot
- Wood Siding
- 1-Story Property
- Landscaped with Trees
- Heating System Uses Gas
About This Home
Excellent investment opportunity! This well-maintained duplex features two spacious units, each with 2 bedrooms, 1 bathroom, and private entrances. Both units offer open-concept living and dining areas, functional kitchens, and dedicated off-street parking. Recent updates and a solid rental history make this a turn-key property for investors or owner-occupants alike.Located in a quiet residential neighborhood, this property is by Rockwood Central Park, schools, and major transit routes—including the MAX Blue Line just blocks away for easy access to downtown Portland. Nearby shopping options include Fred Meyer, WinCo Foods, and Natural Grocers, with plenty of local restaurants, cafés, and everyday conveniences just minutes away.Whether you're expanding your portfolio or looking to offset your mortgage with rental income, this Gresham duplex is a smart move.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,816
Year Built
- Built in 1948
Lot Details
- 6,969 Sq Ft Lot
- Corner Lot
- Level Lot
- Landscaped with Trees
Parking
- Off-Street Parking
Home Design
- Composition Roof
- Wood Siding
- Lap Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,680 Sq Ft Home
- 1-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Schools
- Alder Elementary School
- Reynolds Middle School
- Reynolds High School
Utilities
- No Cooling
- Heating System Uses Gas
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number R153581
Community Details
Overview
- 2 Units
Building Details
- Gross Income $36,000
- Net Operating Income $32,184
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,816 | $198,870 | -- | -- |
| 2024 | $3,611 | $193,080 | -- | -- |
| 2023 | $3,611 | $187,460 | $0 | $0 |
| 2022 | $3,187 | $182,000 | $0 | $0 |
| 2021 | $3,108 | $176,700 | $0 | $0 |
| 2020 | $2,908 | $171,560 | $0 | $0 |
| 2019 | $2,787 | $166,570 | $0 | $0 |
| 2018 | $2,759 | $161,720 | $0 | $0 |
| 2017 | $2,670 | $157,010 | $0 | $0 |
| 2016 | $2,554 | $152,440 | $0 | $0 |
| 2015 | $2,480 | $148,000 | $0 | $0 |
| 2014 | $2,396 | $143,690 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | For Sale | $449,900 | 0.0% | $268 / Sq Ft |
| 10/15/2025 10/15/25 | Off Market | $449,900 | -- | -- |
| 09/28/2025 09/28/25 | Price Changed | $449,900 | -3.2% | $268 / Sq Ft |
| 09/21/2025 09/21/25 | For Sale | $464,900 | 0.0% | $277 / Sq Ft |
| 09/10/2025 09/10/25 | Off Market | $464,900 | -- | -- |
| 09/05/2025 09/05/25 | Price Changed | $464,900 | -3.0% | $277 / Sq Ft |
| 07/23/2025 07/23/25 | For Sale | $479,500 | -- | $285 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | None Listed On Document | |
| Special Warranty Deed | $159,500 | Stewart |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $165,000 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 630979031
APN: R153581
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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